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cdlmorningdojistar

CDLMORNINGDOJISTAR​

Type: cdlmorningdojistar • Category: indicators

Description​

Morning Doji Star

Parameters​

NameTypeDescriptionRequiredDefault
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLMORNINGDOJISTAR"

Help​

CDLMORNINGDOJISTAR

Overview​

The CDLMORNINGDOJISTAR worker is an indicator used in financial markets to identify a specific candlestick pattern known as the Morning Doji Star. This pattern is considered a bullish reversal signal.

Description​

The Morning Doji Star is a three-candlestick pattern that appears at the bottom of a downtrend. It consists of a long bearish candle, followed by a doji (a candle with a very small body, indicating indecision), and finally a long bullish candle. The pattern suggests that the sellers are losing control, and buyers are starting to gain strength.

What does this worker do?​

The CDLMORNINGDOJISTAR worker analyzes a set of candlestick data, specifically the open, high, low, and close prices, to identify the Morning Doji Star pattern. It returns an indication of whether the pattern is present or not.

How to interpret the results​

When the worker identifies a Morning Doji Star pattern, it can be interpreted as a bullish signal, indicating a potential reversal of the downtrend. However, as with any technical analysis tool, it should be used in conjunction with other indicators and analysis methods to confirm the signal.

Parameters​

The following parameters are required to use the CDLMORNINGDOJISTAR worker:

Parameters Schema (JSON)​

{
  "open": {
    "type": "string",
    "description": "The open price of the candlestick"
  },
  "high": {
    "type": "string",
    "description": "The high price of the candlestick"
  },
  "low": {
    "type": "string",
    "description": "The low price of the candlestick"
  },
  "close": {
    "type": "string",
    "description": "The close price of the candlestick"
  },
  "pattern": {
    "type": "string",
    "default": "CDLMORNINGDOJISTAR",
    "description": "The pattern to identify (default: CDLMORNINGDOJISTAR)"
  }
}

Detailed Parameters​

  • open: string - The open price of the candlestick.
  • high: string - The high price of the candlestick.
  • low: string - The low price of the candlestick.
  • close: string - The close price of the candlestick.
  • pattern: string (default: CDLMORNINGDOJISTAR) - The pattern to identify. For this worker, the default value is CDLMORNINGDOJISTAR, and it is not recommended to change it.